Barron's Dictionary of Banking Terms

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Table of Contents
Preface to the Sixth Edition
How to Use This Book Effectively
Abbreviations and Acronyms
World Currencies by Country
Sample Pages Preview
Barbelling an investment portfolio through the heavy use of short-term andlong-term issues, with few securities of intermediate maturity, is designed tomaximize liquidity, with minimal market impact from the short-term issues,while the long-term debt brings the highest yield and the highest return. Thisstrategy, of course, does not make much sense when the yield curve is flat,that is , when short-term rates are roughly the same as long-term rates, orat the yield curve is inverted and short-term rates are higher than thosethe long end. See also LADDERED PORTFOLIO.
BARTER [易货,易货贸易] trade of goods or services without the exchangeof cash,checks, or another form of monetary payment. A barter systemfunctions as a local currency system for exchanging products of comparablevalue.Barter trading facilitates import—export commerce by less—developedcountries lacking HARD CURRENCY reserves through a form of barter knownas counter—trade.
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Barron's Dictionary of Banking Terms